TWG Global
TWG Global is a privately held American investment and holding company with interests spanning financial services, insurance, artificial intelligence, technology, sports, entertainment, energy, and merchant banking.
Last updated August 31, 2026
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Overview
TWG Global is an American multinational holding company associated with investor Mark Walter and, since 2025, co-chairman Thomas Tull. Headquartered in New York City and Chicago, the group functions as an investment vehicle and operating platform for businesses in financial services, insurance, artificial intelligence, technology, sports, entertainment, energy, and merchant banking. It is distinct from the unrelated Canadian company sometimes known as the Walter Group. The organization developed from Mark Walter's investment activities following his role as a co-founder and chief executive of Guggenheim Partners. Rather than presenting itself as a conventional consumer-facing brand, TWG Global operates through a network of subsidiaries, affiliated companies, investment partnerships, and sports and entertainment properties. Its portfolio combines established financial institutions with growth-oriented technology and energy businesses and with highly visible ownership interests in professional sports. Financial services and insurance form a major part of the group. Through Delaware Life Holdings and related structures, TWG's interests include Group 1001 Insurance, Delaware Life, Clear Spring Life & Annuity Company, Clear Spring Property & Casualty Group, Gainbridge, RVI Group, and businesses associated with Guggenheim Partners, including Guggenheim Investments and Guggenheim Securities. The group also has a relationship with Mubadala Capital, the investment arm of Abu Dhabi-based Mubadala Investment Company. TWG Global has increasingly emphasized artificial intelligence and applied technology. In 2025 it became a founding corporate member of MIT's Generative AI Impact Consortium and partnered with Palantir Technologies to develop commercial artificial-intelligence tools for financial-services companies. xAI subsequently joined that collaboration. The group also identifies TWG AI, UP.Partners, and Plus Power among its technology, advanced-transportation, energy, and infrastructure interests. Sports and entertainment are another defining element of the portfolio. Affiliates and related ownership structures include the Los Angeles Dodgers, Los Angeles Lakers, Los Angeles Sparks, Chelsea F.C., RC Strasbourg-related football interests through BlueCo, the Professional Women's Hockey League, Teton Ridge, Nicklaus Companies, and the Billie Jean King Cup. The group also owns or controls a growing motorsports platform, including Andretti Global, Spire Motorsports, Wayne Taylor Racing, Walkinshaw Andretti United, and the Cadillac Formula 1 Team project operated with General Motors. TWG Global's motorsports activities were consolidated under TWG Motorsports in February 2025. Dan Towriss, chief executive of Guggenheim-affiliated Group 1001, was appointed to lead the motorsports organization. The Cadillac Formula 1 program was restructured after Michael Andretti stepped away from the project, with TWG Motorsports and General Motors establishing a power-unit operation intended to supply the Cadillac team from the 2029 Formula One season onward. The group's strategy is characterized by concentrated ownership, long-term capital, cross-sector relationships, and the use of operating companies as platforms for expansion. Its public profile has risen through major sports acquisitions and high-value partnerships, but detailed consolidated financial information is limited because TWG Global is privately held.
History
TWG Global emerged as Mark Walter's private investment and holding platform. Walter, a co-founder and chief executive of Guggenheim Partners, used the vehicle to organize investments across financial services, insurance, technology, artificial intelligence, sports, entertainment, energy, and merchant banking. The company is headquartered in New York City and Chicago and is not related to the Canadian business sometimes called the Walter Group. Its financial-services foundation is closely linked to Guggenheim Partners and insurance businesses held through Delaware Life Holdings. The wider portfolio includes Guggenheim Investments, Guggenheim Securities, Group 1001 Insurance, Delaware Life, Clear Spring companies, Gainbridge, and RVI Group. These holdings give TWG exposure to asset management, investment banking, retirement products, life insurance, property and casualty insurance, and related financial services. Sports became a highly visible part of the group through a series of acquisitions and affiliated ownership structures. In 2012, Guggenheim Baseball Management acquired the Los Angeles Dodgers. In 2014, Sparks LA Sports acquired the Los Angeles Sparks. BlueCo acquired Chelsea F.C. in 2022 and RC Strasbourg Alsace in 2023. In 2025, Walter acquired a majority interest in the Los Angeles Lakers. Other sports and entertainment interests include the Professional Women's Hockey League, Teton Ridge, Nicklaus Companies, and the Billie Jean King Cup. Motorsports became a separately organized pillar in late 2024 and 2025. TWG Global announced the acquisition of full ownership of Andretti Global in November 2024. The transaction included the Andretti Cadillac Formula 1 project, which was subsequently restructured as the Cadillac Formula 1 Team after approval from the Formula One Group. In February 2025, TWG Global established TWG Motorsports and brought Andretti Global, Spire Motorsports, and Wayne Taylor Racing into the platform. Walkinshaw Andretti United is also identified among the group's motorsports interests. Dan Towriss was appointed chief executive of TWG Motorsports, while Michael Andretti left the Formula 1 program at the end of 2024. Artificial intelligence and advanced technology became more prominent in 2025. TWG Global joined MIT's Generative AI Impact Consortium as a founding corporate member, partnered with Palantir Technologies on AI tools for financial-services companies, and subsequently expanded that relationship when xAI joined. The group also identifies TWG AI as an embedded-intelligence platform and maintains links to UP.Partners, which invests in physical AI, robotics, and advanced transportation. Energy is represented by Plus Power, a developer of renewable-energy and grid-scale battery-storage projects. In April 2025, TWG Global and Mubadala Investment Company formed a strategic relationship involving Mubadala Capital. The arrangement was described as including a TWG purchase of a minority stake in Mubadala Capital and a planned syndicated investment in TWG Global. TWG Global is privately held, so its consolidated financial performance and detailed ownership structure are not as transparent as those of a public company. Its identity is instead defined by long-term capital deployment, control or influence over operating businesses, and the assembly of a cross-sector portfolio. By 2025, the company had become particularly visible through its combination of financial institutions, AI partnerships, energy infrastructure, and globally recognized sports properties.
- 2025
Thomas Tull joins as co-chairman
[1]Thomas Tull joined TWG Global as co-chairman after leading Tulco, a holding group focused on artificial intelligence and machine learning.
- 2025
TWG Motorsports is established
[1]TWG Global formed TWG Motorsports to manage its racing properties and appointed Dan Towriss as chief executive.
- 2025
MIT AI consortium membership
[1]TWG Global became a founding corporate member of MIT's Generative AI Impact Consortium.
- 2025
Mubadala Capital partnership
[1]TWG Global and Mubadala Investment Company announced a strategic partnership involving Mubadala Capital and a planned syndicated investment in TWG Global.
- 2025
Los Angeles Lakers majority investment
[1]Mark Walter acquired a majority stake in the Los Angeles Lakers at a reported team valuation of approximately $10 billion.
- 2024
Andretti Global ownership announced
[1]TWG Global announced the acquisition of full ownership of Andretti Global and its associated motorsports activities.
- 2023
BlueCo acquires RC Strasbourg Alsace
[1]BlueCo acquired RC Strasbourg Alsace of Ligue 1.
- 2022
BlueCo acquires Chelsea F.C.
[1]BlueCo acquired Chelsea F.C., adding a major Premier League football property to the wider portfolio.
- 2014
Los Angeles Sparks acquisition
[1]Sparks LA Sports acquired the Los Angeles Sparks of the Women's National Basketball Association.
- 2012
Los Angeles Dodgers acquisition
[1]Guggenheim Baseball Management, associated with Mark Walter and Guggenheim interests, acquired the Los Angeles Dodgers.
Products and positioning
A privately held, multi-sector investment and operating group that combines institutional financial-services capabilities with strategic investments in artificial intelligence, energy, sports, entertainment, and advanced technology.
Financial services
Guggenheim Partners
A financial-services platform associated with investment management, securities, and institutional finance. Its relevant businesses include Guggenheim Investments and Guggenheim Securities, giving TWG Global exposure to asset management, capital markets, and investment-banking activities.
Insurance
Group 1001 Insurance
An insurance platform within TWG Global's broader insurance interests. Group 1001 is associated with insurance products and related financial solutions and is also linked to Dan Towriss, who became chief executive of TWG Motorsports.
Artificial intelligence
TWG AI
TWG Global's proprietary embedded-intelligence platform and one of the vehicles through which the group pursues artificial-intelligence applications and commercial partnerships.
Energy technology
Plus Power
A renewable-energy and grid-scale battery-storage developer identified among TWG Global's technology and energy interests. The business provides exposure to electricity-storage infrastructure and the energy-transition market.
Motorsports · 2025
TWG Motorsports
The motorsports subsidiary created to coordinate TWG Global's racing organizations. Its portfolio includes Andretti Global, Spire Motorsports, Wayne Taylor Racing, and the Cadillac Formula 1 Team project, with additional links to Walkinshaw Andretti United.
Formula 1 racing · 2026
Cadillac Formula 1 Team
A Formula 1 project operated by TWG Motorsports in partnership with General Motors. It was restructured from the earlier Andretti Cadillac proposal and approved to compete in the 2026 Formula One World Championship. A jointly established power-unit operation is intended to supply the team from the 2029 season onward.
Major League Baseball
Los Angeles Dodgers
A Major League Baseball franchise acquired in 2012 by Guggenheim Baseball Management, an ownership vehicle associated with Mark Walter and the wider Guggenheim network.
National Basketball Association
Los Angeles Lakers
A National Basketball Association franchise in which Mark Walter acquired a majority stake in 2025. The transaction significantly increased TWG Global's profile in professional sports and expanded its portfolio beyond baseball, football, and women's sports.
Brand decisions
2025
Create TWG MotorsportsStrategyBackground
The group's racing assets had expanded across open-wheel, stock-car, sports-car, and international touring-car competition.
Action taken
TWG Global created TWG Motorsports and placed several racing organizations under its coordination, with Dan Towriss as chief executive.
Aftermath
The new structure provided a single operating platform for Andretti Global, Spire Motorsports, Wayne Taylor Racing, and the Cadillac Formula 1 project.
2025
Expand into commercial financial-services AIStrategyBackground
TWG Global identified artificial intelligence as a strategic investment area and sought applications connected to its financial-services businesses.
Action taken
TWG Global partnered with Palantir Technologies to develop commercial AI tools for financial-services companies, with xAI later joining the collaboration.
Aftermath
The partnership broadened TWG Global's position as an investor and operating participant in applied enterprise AI.
2025
Form strategic partnership with Mubadala CapitalM&ABackground
TWG Global and Mubadala Investment Company sought to establish a broader relationship between their investment platforms.
Action taken
The parties announced an arrangement involving TWG Global's purchase of a 5% stake in Mubadala Capital and Mubadala Capital's commitment to a $10 billion syndicated investment in TWG Global.
Aftermath
The agreement strengthened TWG Global's access to sovereign-backed capital and international investment relationships.
Reported syndicated investment commitment. $10 billion commitment (Announced April 2025)
2025
Acquire majority stake in the Los Angeles LakersM&ABackground
TWG Global continued to expand its portfolio of globally prominent sports properties.
Action taken
Mark Walter acquired a majority interest in the Los Angeles Lakers.
Aftermath
The transaction expanded the group's presence in major American professional sports and was reported at an approximately $10 billion team valuation.
Team valuation. Approximately $10 billion (2025 transaction)
2024
Acquire full ownership of Andretti GlobalM&ABackground
TWG Global sought to consolidate its motorsports interests and participate in the Andretti Cadillac Formula 1 project.
Action taken
The group announced the acquisition of full ownership of Andretti Global.
Aftermath
The Formula 1 project was subsequently reorganized under the Cadillac brand and later approved for entry into the 2026 championship.
Recent events
- 2025
TWG Global joins MIT Generative AI Impact Consortium[1]
Other
TWG Global became one of six founding corporate members of an MIT consortium focused on the impact and development of generative artificial intelligence.
- 2025
TWG Global and Palantir announce financial-services AI partnership[1]
Other · Product launch
The companies partnered to develop commercial artificial-intelligence tools for financial-services businesses.
- 2025
xAI joins TWG Global and Palantir collaboration[1]
Other
xAI joined the partnership involving TWG Global and Palantir, broadening the collaboration around enterprise AI applications.
- 2025
Mubadala Capital and TWG Global establish investment partnership[1]
M&A · Other
Mubadala Investment Company and TWG Global formed a strategic partnership involving a TWG purchase of a minority stake in Mubadala Capital and a planned syndicated investment in TWG Global.
- 2025
TWG Motorsports is formed[1]
Leadership change
TWG Global created TWG Motorsports to coordinate its racing organizations, including Andretti Global, Spire Motorsports, Wayne Taylor Racing, and the Cadillac Formula 1 Team.
- 2025
TWG Global and General Motors establish Formula 1 power-unit operation[1]
Product launch
TWG Motorsports and General Motors formed TWG GM Performance Power Units LLC, intended to supply the Cadillac Formula 1 team from the 2029 season onward.
- 2025
TWG Global acquires majority interest in the Los Angeles Lakers[1]
M&A
Mark Walter acquired a majority stake in the Los Angeles Lakers in a transaction valuing the basketball team at approximately $10 billion.
- 2024
TWG Global acquires full ownership of Andretti Global[1]
M&A · Other
TWG Global announced that it had acquired full ownership of the American motorsports organization Andretti Global, including its Formula 1 project.
- 2024
Cadillac Formula 1 project receives approval after restructuring[1]
Other
The Formula One Group approved a restructured Cadillac Formula 1 entry associated with TWG Global after the initial Andretti-branded proposal had not received approval.
Sources2 sources
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